The new report by Expert Market Research titled, ‘Global Savoury Biscuits Market Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global savoury biscuits market, assessing the market based on its segments like ingredients, categories, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 90%
The rising inclination of people towards healthy ready-to-eat snacks that are baked and not fried is driving the growth of the savoury biscuits industry. The prevalence of medical conditions, such as obesity and the growing health consciousness, is leading many to consume high fibre, low sugar fat, reduced sodium, and gluten-free savoury biscuits, thereby invigorating the market.
The expanding e-commerce, easy accessibility of nutritious ingredients, and increasing purchasing power are contributing to the steady growth of the market. The increasing bakeries, savoury biscuit producing factories, and home baking business will likely aid the savoury biscuits industry in the forecast period.
Industry Definition and Major Segments
Savoury biscuits, also called water biscuits, are snacks that are available in various textures, shapes, natural ingredients, and ethnic flavours. They are prepared through different stages, such as mixing, forming, baking, and cooling. They can be homemade and factory-made. They are healthy as they are prepared using organic ingredients without adding any synthetic flavours.
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The savoury biscuits industry, by ingredient, is divided into
Based on category, the market is segmented into:
- Gluten free
On the basis of distribution channel, the market is classified into:
- Speciality stores
- Convenience stores
- Online retail
The regional markets for savoury biscuits include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The government initiatives towards improving the food processing industry and promoting value-added products are leading to the incremental development of the savoury biscuits industry. For instance: In July 2021, the Government of India launched a Production Linked Incentive Scheme under “AatmaNirbhar Bharat Abhiyaan for Enhancing India’s Manufacturing Capabilities and Enhancing Exports”, which includes incentivising manufacturing ready to eat (RTE) foods, including millets-based products.
Moreover, the efforts taken by the leading industry players in introducing biscuits of different tastes that meet customer expectations are also bolstering the savoury biscuits industry. Arnott’s Ltd. offers diverse savoury biscuits such as flatbread dippers, shapes, and crackers. Such developments are anticipated to impel the savoury biscuits industry in the forecast period.
Key Market Players
The major players in the market are Nestle S.A., Kellogg Company, Britannia Industries Limited, ITC Limited, Parle Products Private Ltd. (PPPL), Kambley SA, and Lotus Bakeries NV, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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